I manage a few smaller complexes and they are all on individual price schemes though they are usually within a few dollars of each other. 

Backstory - we have an apartment complex that had a $339k loss on paper last year (I'm a 40% partner).

I found an apartment for sale with an assumable loan. The loans has 35 years left with a really good rate. My question is how do I work out a deal with the owner so that I pay him back over time the equity? I don’t ha...

Most of the bad noise right now is about downtown skyscrapers and REIT or Syndication apartment complexes where they played short term versus long term interest rates wrong.  

That being said, it’s more complex to use than Shopify.

Quote from @Dana Yobst: Quote from @Julio Gonzalez: @Dana Yobst While it may seem like a simple concept, it's actually a very complex process that requires significant documentation as well as specific methodologies.

. - Are most of your loans short-term/interest-only, or are they more complex (e.g., longer-term, amortized, require escrow, commonly modified b/c of prepayments, etc.)? 

Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

You can take out a lot of complexity when you buy property that only needs maye paint & carpet.

I realizing the duplex conversion strategy is more complex I probably wouldn't try it on my first property, just want to get a sense of what's possible in the Chattanooga market :) Thanks!